Wyckoff Analytics Point-And-Figure Part 2 Projecting P&F Price Targets Across Multiple Time Frames 2018
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Product Description
COURSE DURATION
Approximately 7 hours
Among Richard Wyckoff’s many contributions to technical analysis is his unique method of estimating price targets using his Second Law of “Cause and Effect,” in which the horizontal Point and Figure (P&F) count in any trading range represents the Cause and the subsequent trending price movement the Effect. Like many other phenomena in trading, Wyckoff’s Second Law is fractal, and can be profitably deployed in any time frame. In P&F Part II, Bruce Fraser and Roman Bogomazov provide detailed instructions on how to:
Create and annotate Wyckoff-style P&F charts
Correctly identify the count line in a variety of trading range configurations
Designate P&F phases sequentially and project price targets from each
Anticipate the resumption of a trend based on confirming counts of re-accumulation and re-distribution trading ranges
Manage trades once price approaches P&F-based price targets
This course builds on the methodological foundations presented in our on-demand P&F Part I: Setting Price Targets Using Wyckoff Point-and-Figure Projections. However, Part II is based on entirely new material. Bruce and Roman present several of their advanced refinements of this technique, including some that they have never made public before. Traders who purchased Part I will gain new practical insights as well as a much deeper understanding of this approach.
Each of the three sessions in Part II is devoted to a specific time frame:
Long-term campaigns [months to years]
Swing trades [weeks to months], and
Intraday [hours to days]
What is forex trading?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
Wyckoff Analytics Point-And-Figure Part 2 Projecting P&F Price Targets Across Multiple Time Frames 2018
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